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Xilinx Revenues Exceed $1 Billion in Fiscal 2000; Q4 Sales Up 16% Sequentially
Business Wire - April 20, 2000 16:35
SAN JOSE, Calif.--(BUSINESS WIRE)--April 20, 2000--Xilinx, Inc. (NASDAQ:XLNX) today announced record results for fiscal 2000. Total revenues were $1.02 billion, setting a Company record and making Xilinx the first programmable logic company in history to achieve this significant milestone. This represents an increase of 54% from the $662 million reported in the prior fiscal year. Net income for the fiscal year was $652.5 million, or $1.90 per diluted share, including a $674.7 million ($398.1 million net of taxes) one-time gain resulting from the merger of United Silicon Inc. (USIC) with United Microelectronics Corporation (UMC). Excluding this one-time gain and a write-off of in-process technology associated with the acquisition of Philips' CPLD business, net income was $257.6 million, or $0.75 per diluted share.
Fourth quarter revenue was a record $306.6 million, an increase of 16% from the previous quarter, and an increase of 66% from the fourth quarter of last year. Net income for the fourth quarter was $78.3 million, or $0.22 per diluted share, excluding the above-mentioned one-time gain. This is an increase of 14% from the prior quarter and an increase of 99% from the same quarter of the prior year.
"The March quarter was a quarter in which Xilinx realized significant milestones," commented Wim Roelandts, Xilinx's chief executive officer. "Not only did Xilinx become the first PLD Company to exceed $1 billion in revenues for a fiscal year, but Xilinx was also first-to-market with a copper-based FPGA. Additionally, cumulative revenues from Xilinx's fastest growing product family, the Virtex family of FPGAs, surpassed $100 million--only six quarters after introduction." Roelandts continued, "As we embark on fiscal 2001, I am encouraged by the tremendous customer acceptance of our newest products, which include Virtex-E FPGAs, Spartan-II FPGAs and CoolRunner CPLDs. These products position Xilinx to capitalize on the vast opportunities provided by the broadband communications and digital consumer markets."(1)
Business Review - Fourth Quarter FY'00:
-- End customer bookings and backlog for the June quarter are both up
meaningfully from last quarter.
-- Turns bookings averaged approximately 54% for the quarter.
-- Inventory days at both Xilinx and worldwide distribution combined
were 157 days, unchanged from the prior quarter.
-- Capital expenditures and depreciation were $52.2 million and $9.8
million, respectively.
Revenue by Geography - Fourth Quarter FY'00:
Region Q4 FY'00 Q3 FY'00 Q4 FY'99 Sequential
Change
------ --------- --------- --------- ---------
North America 66% 65% 68% 17%
Europe 20% 20% 19% 21%
Japan 8% 10% 8% -2%
ROW 6% 5% 5% 19%
Revenue by End Market - Fourth Quarter FY'00:
End Market Q4 FY'00 Q3 FY'00 Q4 FY'99 Sequential
Change
----------- --------- -------- --------- ----------
Communications 72% 67% 65% 25%
Computing 22% 24% 19% 6%
Other 6% 9% 16% -23%
Revenue by Technology - Fourth Quarter FY'00:
Product Family Q4 FY'00 Q3 FY'00 Q4 FY'99 Sequential
Change
-------------- -------- -------- -------- ----------
Base (0.6(mu)
or greater) 9% 13% 17% -17%
Mainstream
(0.5(mu) &
0.35(mu)) 49% 52% 64% 11%
Advanced
(0.25(mu)
or less) 34% 27% 8% 45%
Support 8% 8% 11% 9% |
